Data Ownership - Data ownership should remain and always remain the property of the individual. Issues of data ownership need to be addressed strongly going forward, no company has the right to own my data. I may grant them permission to loan it temporarily for purposes that are for my benefit, or theirs if I am feeling altruistic, but the right to use my data for a third party should be revocable at any time.

Data Portability/Migration - Likewise an extension of the above, I should be able to transfer and make my data accessible to third parties with ease. I shouldn’t have to be duplicating forms all the time.

The centerpiece of it all is My.BarackObama.com, where supporters can join local groups, create events, sign up for updates and set up personal fund-raising pages. “If we did not have online organizing tools, it would be much harder to be where we are now,” Mr. Hughes said.

Mr. Obama, now the presumptive Democratic nominee, credits the Internet’s social networking tools with a “big part” of his primary season success.

The heart of the campaign’s online strategy is a teeming corner of Mr. Obama’s headquarters two blocks from the Chicago River, a crowded space that looks more like an Internet start-up company than a campaign war room. During a visit in late May, a bottle of whiskey sat, almost empty, atop a refrigerator (there had been plenty of victories to celebrate lately, a staff member explained).

Sitting amid a cluster of cubicles, Mr. Hughes, whose title is “online organizing guru,” handles the My.BarackObama.com site, which is known within the campaign as MyBo. Other staff members maintain Mr. Obama’s presence on Facebook (where he has one million supporters), purchase online advertising, respond to text messages from curious voters, produce videos and e-mail millions of supporters

• Feedster Corporate Blogging Policy
• Thomas Nelson Blogging Guidelines
• Plaxo Public Internet Communication Policy
• Hill & Knowlton Blogging policies and guidelines
• Yahoo Employee Blog Guidelines
• BBC Blog Guidelines
• Sun's Policy on Public Discourse
• Groove
• What Should Your Corporate Policy Be On Blogs?

Tim Bray, for example, clearly views Twitter as a volume tool, saying:

There’s one thing that’s become terribly clear to me: Twitter is inherently a river-of-news; when I come back to my computer after a while offline, I have no urge to look back at the missed tweets. If it’s important, it’ll come back.

Sampson said his reputation is "very important" to him, but only knows one way to regain it.

"Just be who I've been my entire life," Sampson said. "Sometimes you take hits that you have to overcome, but that's something that I just work at as I go forward.

Here's how it works:

1. An insider client transfers all or a portion of their company stock into
a JP Morgan Securities Inc. brokerage account.

2. The insider then develops, in conjunction with the 10b5-1 team, a
'phased, pre-planned sales program to be executed at either market or
specified prices'.

3. Depending on the information available to the insider (but not the
public), the insider can decide whether to execute the sale or not.

By gaming the system this way, JP Morgan teaches insiders how to
use their knowledge to create a rigged market, one in which it is
the "house" that always wins, and the small investor that always
loses

Those provisions primarily applicable to privately held companies include:

1. Whistleblower Protection - Persons providing information about the commission of a federal offense are protected.  Those who retaliate against such whistleblowers are subject to fines and may even get up to 10 years in prison.
   
   
2. Document Destruction - If any company is being investigated by a federal agency, including the IRS, anyone destroying documents faces fines, plus up to 20 years in prison.
   
   
3. Securities Fraud - The time to make claims is extended to 5 years from the date of fraud or 2 years after it is discovered.
   
   
4. Bankruptcy Implications - Security Law violations are no longer dischargeable in bankruptcy.

What things make sense, in any event, whether you want to comply with SOX or not?

1. Avoid "conflicts of interest".
   
   
2. Consider some independent directors.
   
   
3. Create a whistleblower policy to protect such persons.
   
   
4. Establish good internal controls.
   
   
5. Evaluate risks and insure properly.
   
   
6. Adopt an ethics policy or a code of behavior.
   
   
7. Be sure the relationship to the company's accountants is at arm's length.
   
   
8. Consider a committee to evaluate executive compensation.

• Definition. In this section, the term "code
  of ethics" means such standards as are reasonably necessary to promote--
  
  
  
  
  
  
  1. honest and ethical conduct, including the
     ethical handling of actual or apparent conflicts of interest between personal
     and professional relationships;
     
     
     
     
  2. full, fair, accurate, timely, and understandable
     disclosure in the periodic reports required to be filed by the issuer;
     and
     
     
     
     
  3. compliance with applicable governmental rules
     and regulations.
     
     
     
     
  
  
• Deadline for Rulemaking. The Commission
  shall--
  
  
  
  
  
  
  1. propose rules to implement this section,
     not later than 90 days after the date of enactment of this Act; and
     
     
     
     
  2. issue final rules to implement this section,
     not later than 180 days after that date of enactment.